North Las Vegas, NV—89031
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Las Vegas, NV
As of Oct '25, the median home price in North Las Vegas, NV is $409,000, with a year-over-year change of -0.7%. This indicates that home prices in North Las Vegas, NV are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $409,000 | -0.7% |
| Single Family | $412,000 | -1.2% |
| Condos | $273,000 | -3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $302,000 | -1.9% |
3 Bed | $390,000 | -1.3% |
4 Bed | $436,000 | -1.4% |
| 5 Bed | $504,000 | -0.4% |
% of Housing Stock
Rental Trends — North Las Vegas, NV
As of July '25, Rentcast reports the average rent in North Las Vegas, NV is $2,110, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in North Las Vegas, NV is 1-bedrooms: $1,160, 2-bedrooms: $1,640, 3-bedrooms: $2,050, 4-bedrooms: $2,320. The most common rental property sizes in North Las Vegas, NV are 3-bedroom and 4-bedroom, accounting for 57.2% and 20.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,070 | $2,110 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $827 | $1,160 |
| 2 Bed Rent | $1,600 | $1,640 |
| 3 Bed Rent | $2,000 | $2,050 |
| 4 Bed Rent | $2,280 | $2,320 |
% of Rental Stock
Property Listings — North Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in North Las Vegas, NV is 60. This is a increase of 36.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $430,000 | 1.0% |
Listing Count | 320 | 29.0% |
| Listings as % of Homes | 1.1% | 29.0% |
Days on Market | 60 | 36.0% |
Demographics — North Las Vegas, NV
As of the latest ACS Survey released in 2023, North Las Vegas, NV has a population of 75,100, which has increased by 10.1% over the past 5 years. North Las Vegas, NV is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 75,100 | 10.1% |
% Under 18 | 25.1% | -11.9% |
% Seniors | 13.7% | 28.0% |
% WFH | 7.6% | 171.4% |
% w/ College Degree | 19.5% | 4.3% |
As of the latest ACS Survey released in 2023, North Las Vegas, NV is a predominantly hispanic area, with 33.2% of the population identifying as hispanic. The hispanic population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in North Las Vegas, NV is white, making up 29.3% of the population. Foreign-born residents account for 17.7% of the population in North Las Vegas, NV, and this percentage has increased by 5.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 29.3% | -13.6% |
% Black | 21.0% | 16.0% |
% Hispanic | 33.2% | -8.0% |
% Asian | 7.9% | 25.4% |
% Foreign Born | 17.7% | 5.4% |
Mortgage and Risk — North Las Vegas, NV
According to HUD data as of 2023, there were 116 mortgage originations in North Las Vegas, NV, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in North Las Vegas, NV. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 116 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — North Las Vegas, NV
As of 2024, the percent of homes in North Las Vegas, NV under the Section 8 program is 8.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In North Las Vegas, NV, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 513 |
Total Units Section 8 | 513 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $653 | $827 | $1,480 |
| 2 Bedroom | $160 | $1,600 | $1,760 |
| 3 Bedroom | $470 | $2,000 | $2,470 |
| 4 Bedroom | $580 | $2,280 | $2,860 |
Affordability — North Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $409,000 |
| Median Household Income | $85,800 |